Sanctions are not a problem for European oil companies to expand cooperation with Russia

​The largest oil companies of Europe expand cooperation with Russian partners despite of the intention of Brussels to go on the realization of the policy of sanctions, Financial Times reports.

BP reports that it plans to purchase 20% of Rosneft’s shares in “Taas-Yuraykh Neftegasdobycha” Ltd. The amount of the deal might reach $700 mln. Bp’s head, R. Dudley, said that the company would study the additional opportunities for investment in Russia.

Eni and Statoil were allowed by the EU to ho on joint projects with Rosneft that includes the sharing of technologies. Statoil plans to drill 2 wells at the North-Komsomolsky deposit this summer. Eni is likely to go on working in the Black Sea

Shell still cooperates with Gazprom Neft in the JV “Salym Petroleum”.

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